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Mar 21, 2013
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what's your theme right now for the global economy? >> we still like stocks over bonds, but we're getting nervous. >> because of evaluations? >> we've come so far, so fast. double-digit gains last year. we're almost up 10% this year, even after today. but we think -- so you're kind of set up for a correction. the other thing is how optimistic everybody is. everybody's jumped on the bandwagon, so we felt a lot better in december, when not everybody was with it. but i think if there's any correction, it's not going to be as big as the last few years. the fiscal fights are over in washington. less fear of double dip in the u.s. less worries about europe breaking up, cyprus notwithstanding, or china hardlining. so we would see it as a buying opportunity. >> so what do you want to do, then? should you be taking profits on some of those names you've made money on already? how do you look at a market that you're still bullish on, but are getting a little nervous because of evaluations? >> i can't time this correction. >> right, you don't want
what's your theme right now for the global economy? >> we still like stocks over bonds, but we're getting nervous. >> because of evaluations? >> we've come so far, so fast. double-digit gains last year. we're almost up 10% this year, even after today. but we think -- so you're kind of set up for a correction. the other thing is how optimistic everybody is. everybody's jumped on the bandwagon, so we felt a lot better in december, when not everybody was with it. but i think if...
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Mar 20, 2013
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economy and the continued rise of e-commerce. they go up 8% very much in line with the s&p. >> so you must have bought more this morning. >> no. i mean, we have been a holder of it before christmas. still up over 8%. but look if you're a trader in the stock market, it will still be choppy. but long term, buy on the dip. >> what -- >> i was going to say i disagree, simon, because if you look at the guidance going forward, it trades at 17 times, but still having trouble meeting analyst estimates. what do you see that's going to change on the international revenue front? >> okay, i think it was over the last five years, only two estimates that missed, which is last quarter and this quarter. a big part of that is the miss on guidance. because we know they go through a massive restructuring. so i think the problem isn't identified yet. it's a choppy area. but to be fair to the country and the guidance, you have massive restructuring. you're taking people out of retirement. get massive cost cuts in the area. it will be difficult to giv
economy and the continued rise of e-commerce. they go up 8% very much in line with the s&p. >> so you must have bought more this morning. >> no. i mean, we have been a holder of it before christmas. still up over 8%. but look if you're a trader in the stock market, it will still be choppy. but long term, buy on the dip. >> what -- >> i was going to say i disagree, simon, because if you look at the guidance going forward, it trades at 17 times, but still having...
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Mar 22, 2013
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this is the way our economy works. how do you tell us to run our business? they didn't want the millionaires and the billionaires taxed either so it's very much engrained in the society. >> and just proves once again that there's no such thing as a free lunch. great footage and great reporting. should investors here, for example, in the united states start to pay more attention to what's happening in cyprus? let's ask the chief investment strategist at raymond james. what do you think, jeff? you're a smart guy. >> the stock market is telling you the cyprus thing is going to be a non-event at least so far, that it's not going to have collateral damage into the rest of europe and that the earnings in this country are still going to come along pretty good, and we won't be pulled into a recession by what's going on in europe. >> what would you be doing then, just putting it aside as noise and just investing on other things, you know, like corporate profits and fundamentals in the economy? >> yeah. i think that's right, mandy. i think that the earnings are going
this is the way our economy works. how do you tell us to run our business? they didn't want the millionaires and the billionaires taxed either so it's very much engrained in the society. >> and just proves once again that there's no such thing as a free lunch. great footage and great reporting. should investors here, for example, in the united states start to pay more attention to what's happening in cyprus? let's ask the chief investment strategist at raymond james. what do you think,...
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Mar 21, 2013
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the europe is 25% of the global economy. it's china's largest customer, so when we talk about all these things and we talk about whether or not ali baba is going to do well, and you've got to be a bull on china, you have to question that thesis when you see something like france down 1.5% today. >> yeah. >> quickly. >> and i'll take small exception right here because over the past month the u.s. is up barely 3%. germany is up 4.5%. france is up 4.3%. that's as of right now, so over the past month they are outperforming. that's not telling me these guys are stopping and hitting the brakes hard. that tells me there's a little churn going on and that's it. >> all right. coming up on "the half," housing a bright spot in the recovery, no doubt, but is the hot run about to cool off? we're going to talk to a man who says it actually might happen when "halftime" comes back. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced
the europe is 25% of the global economy. it's china's largest customer, so when we talk about all these things and we talk about whether or not ali baba is going to do well, and you've got to be a bull on china, you have to question that thesis when you see something like france down 1.5% today. >> yeah. >> quickly. >> and i'll take small exception right here because over the past month the u.s. is up barely 3%. germany is up 4.5%. france is up 4.3%. that's as of right now, so...
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Mar 18, 2013
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the numbers need to come down for the companies and i'm concerned if i see the strength in the economy and i see the stocks of the companies that benefit from high are rates benefit than the ones getting hurt, then the fed's got to see it, too, right? i think we've come a long way when the fed was clueless and ben bernanke knew nothing. here's the bottom line. the charts say higher rates are coming and they're coming faster than we realize because of a rising economy. that's not going to be slowed by cyprus in particular or europe or even china. that means you have to sell the consumer packaged goods and wait for the packaged to buy the insurers like the metlife. sure, the charts can be wrong, but not every single one of them. stay with cramer. >>> coming up, game time. cramer's got a new take on an old favorite family pass time. all this week, he's taking a look at companies with a stranglehold on their industries that may give their stocks a boost. tonight jim's checking out the friendly sky to see if it's time to take off. >>> believe it or not, you want to educate yourself about bu
the numbers need to come down for the companies and i'm concerned if i see the strength in the economy and i see the stocks of the companies that benefit from high are rates benefit than the ones getting hurt, then the fed's got to see it, too, right? i think we've come a long way when the fed was clueless and ben bernanke knew nothing. here's the bottom line. the charts say higher rates are coming and they're coming faster than we realize because of a rising economy. that's not going to be...
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Mar 20, 2013
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and global economy. they are doing it, we are seeing them succeed in a lot of different ways. the productivity story is good. that is where elevating standard of living comes from. that is -- we are looking at more confidence going forward now. >> and the dycotomi has been that the smaller businesses have not been able to do that. >> we have to stop picking on them. >> mike and tony will stay with us. situation in cyprus is as dicey as ever. question, will russia come to the rescue? will the banks there ever reopen? and will it stay in the eu? we've reports from moscow and cyprus, coming up next, please stay with us. >> situation in cyprus getting worse today, banks will not open until next week at the he earliest. good evening michelle. >> larry, another day, another attempt to try to come up with a rescue plan for cyprus, today cyprus suggested that they would try to raid a pension fund, and promise to pay the workers down the road. but that idea was not liked. additionally they are trying get money fr
and global economy. they are doing it, we are seeing them succeed in a lot of different ways. the productivity story is good. that is where elevating standard of living comes from. that is -- we are looking at more confidence going forward now. >> and the dycotomi has been that the smaller businesses have not been able to do that. >> we have to stop picking on them. >> mike and tony will stay with us. situation in cyprus is as dicey as ever. question, will russia come to the...
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Mar 22, 2013
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economy is improving. the backdrop of the financial crisis is keeping worldwide central banks very loose in their policy so as a result we should expect a very easy fed and in my 30 years of managing money when the fed is on your side on the long side, that is a positive situation. >> all right. great to talk to you, chuck. thanks so much. some of your top other holdings, objection dental, jpmorgan and pfizer. congratulations on being called the ultimate stock picker. >> thank you very much and have a good day. >> you do the same. let's get to josh lipton now who is at the markets desk for a check on what's working right now. >> check out darden restaurants. we're showing a bit of green here. reported results basically in line with the street's lowered estimates. remember, the company whose chains include olive garden and red lobster cut its third quarter and full-year forecast last month citing higher taxes and gas prices. the stock right now up about 1.2%. scott, back to you. >> josh, thank you. coming u
economy is improving. the backdrop of the financial crisis is keeping worldwide central banks very loose in their policy so as a result we should expect a very easy fed and in my 30 years of managing money when the fed is on your side on the long side, that is a positive situation. >> all right. great to talk to you, chuck. thanks so much. some of your top other holdings, objection dental, jpmorgan and pfizer. congratulations on being called the ultimate stock picker. >> thank you...
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Mar 22, 2013
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banking system, to be as large relative to our economy as the cyprus banking system is to their economy, we would need 45 more jpmorgans in order to have that sizes of the economy. there's somewhere else comparable. the only place they could go was deposits. the big mistake was going after uninsurance -- i mean insured deposits. >> i think i told that from you. that is a good point, but i think i stole it from you. >> the serendipitous part of this for me is that all the countries that are in trouble are like in southern europe for you. you're not in finland, you're not if poland. all the trouble is -- >> beautiful places, joe. >> that's good. that's really good. and then when i said -- >> i do frequently say to myself thank goodness this isn't happening in azurbashaun. >> you have to get there. you're doing it for us and we really appreciate it. >> wait, wait. if this country does leave the euro, we want to see that. we want to document that. >> no, i was just saying because it's not affecting our markets doesn't mean that you shouldn't be there. and we're glad that you are there. >> r
banking system, to be as large relative to our economy as the cyprus banking system is to their economy, we would need 45 more jpmorgans in order to have that sizes of the economy. there's somewhere else comparable. the only place they could go was deposits. the big mistake was going after uninsurance -- i mean insured deposits. >> i think i told that from you. that is a good point, but i think i stole it from you. >> the serendipitous part of this for me is that all the countries...
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Mar 21, 2013
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economy's improving. but we still have fundamental issues in the structure of our economy, imbalances. we are not out of the woods yet. we're not in self-sustaining recovery. we need to start to see that to become increasingly more bullish on the financial markets. >> that was really good. you're a good double act. we should have you on more. thank you both. brian and chad. have great days. >>> seven years ago today twitter co-founder jack dorsey sent the first tweet writing just setting up my twitter. since then the media giant has become a staple for millions. it has transformed the way people communicate so what could twitter do in the next seven years? tweet us @squawkstreet. >>> the market is accelerating downward, now down 67 points. let's get a "market flash" from josh back at hq. >> juniper networks is under pressure this morning. analysts at fbr not fans saying we are the end of an era as routers and switches are set to decline. fbr downgrades juniper and cisco toeon perform. the company's fbr sa
economy's improving. but we still have fundamental issues in the structure of our economy, imbalances. we are not out of the woods yet. we're not in self-sustaining recovery. we need to start to see that to become increasingly more bullish on the financial markets. >> that was really good. you're a good double act. we should have you on more. thank you both. brian and chad. have great days. >>> seven years ago today twitter co-founder jack dorsey sent the first tweet writing just...
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Mar 21, 2013
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economy. caterpillar, oracle, not just u.s. economy, but the global economy. europe is very, very weak. was going to happen in emerging markets, china, i think is questionable. so i just think there's a lot of question marks out there and the market is not pricing that in right now. >> no. that's a really good point. scott, i guess the federal reserve sees a lot of those question marks, too. they made the point that they don't want to get into a situation where they pullback too quickly because they don't want to see something that's unsustainable gains in the labor market. i guess that's the good news if anybody is waiting for anything is that the fed is still standing by. >> i think what the fed had to say is essentially bullish for everything in the world except for change. because they don't seem like they want to make any changes except for the news that mr. bernanke has now had a conversation with the president about his tenure. and it seems more likely than ever that his term will come to an end in january. unfortunately, it's going no be just about the
economy. caterpillar, oracle, not just u.s. economy, but the global economy. europe is very, very weak. was going to happen in emerging markets, china, i think is questionable. so i just think there's a lot of question marks out there and the market is not pricing that in right now. >> no. that's a really good point. scott, i guess the federal reserve sees a lot of those question marks, too. they made the point that they don't want to get into a situation where they pullback too quickly...
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Mar 18, 2013
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> take a look at futures. the dow looks like it would open off about 103 points. fass dak would be off about 32 points and the s&p 500 off about 16 points. making headlines this morning, beyond cyprus, airbus is landing a record order of jets from indonesia's lion air. the deal is for $24 billion for 234 planes. also today, president obama is going to be nominating thomas perez to head the labor department. >> we wondered. >> an airplane guy. >> if we were going to pull back, we wondered where it was going to come from. but this doesn't change that we're still -- the dollar has been thrown away, the best house in the neighborhood, things here are still going better. so the question is, does europe still have the -- >>
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> take a look at futures. the dow looks like it would open off about 103 points. fass dak would be off about 32 points and the s&p 500 off...
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Mar 19, 2013
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economy our main problem is nobody is really talking about job creation. that the biggest threat that we're facing to the future is the fact that we still have really 25 million people unemployed or underemployed. that's a much more serious problem. >> the fed is talking about it. >> washington is not focused on it. and the whole sequester debate, the real crisis is the jobs crisis. ironically when people leave office they begin to talk about it. like samuels. he's been talking more about the fastest way to reduce the deficit is to grow the economy. >> right. arianna is going to be sticking around. we'll continue this conversation after a short break. >> coming up, mindful leadership. today's corporate leaders will try to increase innovation, productivity and wellness among employees. and money madness is here. we're looking at some of the most widely held stocks and letting you know which will come out at the end of the year. and two mobile giants. "squawk box" will be right back. [ laughter ] ♪ [ female announcer ] each one of us is our own boss. ♪ a
economy our main problem is nobody is really talking about job creation. that the biggest threat that we're facing to the future is the fact that we still have really 25 million people unemployed or underemployed. that's a much more serious problem. >> the fed is talking about it. >> washington is not focused on it. and the whole sequester debate, the real crisis is the jobs crisis. ironically when people leave office they begin to talk about it. like samuels. he's been talking more...
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Mar 21, 2013
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president has been silent since saying the budget sequester will produce very big lay-offs and a weakened economy. he's got radio silent. we know next week that will be the week when the president will most likely use his podium to talk about how horrible sequestration will be because it kicks in at the end of the month. perhaps the excellent jobless numbers we got this morning will be the last good one if it's as bad as obama scares us into thinking it is. local and state governments are cutting back. that's not positive. finally, there is this misquarter evidence. federal express did blow up. it's not a good number. caterpillar is down 12%, retail sales number might not translate into weak earnings. i was prepared for cat sales to be flat, maybe up a little, not down double digits. then oracle. while oracle almost always bounces back, making my chartible stock to want to buy more, i have to believe the m e macroenvironment has gotten worse than we thought. oracle is not that bad a company. you i don't want to get too negative either what could be right? while i don't expect a grand bargain in w
president has been silent since saying the budget sequester will produce very big lay-offs and a weakened economy. he's got radio silent. we know next week that will be the week when the president will most likely use his podium to talk about how horrible sequestration will be because it kicks in at the end of the month. perhaps the excellent jobless numbers we got this morning will be the last good one if it's as bad as obama scares us into thinking it is. local and state governments are...
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Mar 20, 2013
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the economy is improving. we get to the next problem with is building up the balance sheet in a way that will make it hard to tighten when they need to tighten. >> the fact is you're siding with santelli over me but in a more polite way. one of the keys to what you're saying and i have a counter to this, maybe let you say it which is that you think the issue of taking money away from savers by lowering interest rates is something that hurts the economy and consumer spending more than lower interest rates create spending and helps the economy. >> yes. because first of all if you look at consumer interest income and consumer interest expense, consumers actually have more interest bearing assets an they do interest bearing liabilities. the key is liabilities are fixed rate at this stage or most are because of fixed rate mortgages. if you allow interest rates to go up, you push more none inmon the consumer sector than your cost to consumer sector and older americans live off cds and if you push up the income more,
the economy is improving. we get to the next problem with is building up the balance sheet in a way that will make it hard to tighten when they need to tighten. >> the fact is you're siding with santelli over me but in a more polite way. one of the keys to what you're saying and i have a counter to this, maybe let you say it which is that you think the issue of taking money away from savers by lowering interest rates is something that hurts the economy and consumer spending more than...
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Mar 20, 2013
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>> i think the economy's getting better. i think the job market is getting better and the housing market is getting better, but i don't think the fed sees it that way. i think the fed sees the employment to population ratio. you have virtually no recovery in the last three or four years. you look at labor force participation and that's down. so they're very, very comfortable, i think in maintaining this easy policy because they think that's what's needed to keep this recovery going, and i think they're going to be comfortable because core inflation is 1.5% year on year. >> i think there's a possibility of more dovish. we're not sure that the data is sound. maybe there will be giveback in the spring and if he starts mentioning the sequester and the need to hang in there with full force, that, ironically, could be very positive for this market. >> absolutely. i think his statements today, the press conference will be very dovish. he can point to downside risks and lump cyprus into that scenario and maintain this easy stance. t
>> i think the economy's getting better. i think the job market is getting better and the housing market is getting better, but i don't think the fed sees it that way. i think the fed sees the employment to population ratio. you have virtually no recovery in the last three or four years. you look at labor force participation and that's down. so they're very, very comfortable, i think in maintaining this easy policy because they think that's what's needed to keep this recovery going, and i...
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i don't see an economy that's a world economy that is growing. it could generate easily 5% to 6% earnings growth given what we've cut to the bone in corporations. >> the economy has nothing to do with it stipes. we still aren't doing efficiencies put in place. earnings were supposed to stop growing and they have not stopped growing and we're still surprised on bounce and there's still an upward slope on forward earnings expectations and my guess is it will be more right in the multiple. >> because of europe, i think multiples are ephemeral things. they sort of come and go and it's what we think at any given time. earnings are earnings >> in terms of the sectors that will lead us to 2000. by the way, i'm curious, how often do you make projects that go so far and how often are they close to reality? >> i changed them by the time we get there. >> oh, good man. to be honest it's not that far. it's the end of next year and it's not a seven-year projection and we are pushing it to get there. it's a symbolic thing and we're trying to show that the marke
i don't see an economy that's a world economy that is growing. it could generate easily 5% to 6% earnings growth given what we've cut to the bone in corporations. >> the economy has nothing to do with it stipes. we still aren't doing efficiencies put in place. earnings were supposed to stop growing and they have not stopped growing and we're still surprised on bounce and there's still an upward slope on forward earnings expectations and my guess is it will be more right in the multiple....
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Mar 22, 2013
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the economy is going better. the boom in collectibles goes far beyond art and cars and things we talk about usually. comic books selling typically for $1 million or more for the prized batman and spider man. so this reaches way beyond the usual categories. >> it's anything of limited supply that you cannot go back. why is it called a jumbo? >> i i think because it's in perfect condition front and back, graded five or higher. there are only three of these. it's unclear what it will sell for. the last one sold during the heat of the fm crisis. again in the seven figures. this one is already up to 1.4. bidders have a chance to bid on this thing. it will probably gost past $3 million. zl come back and let us know how it goes. >> i will, i will. >> scott, thank you very much. >> it's been a pleasure. it's been real fun. >> thank you very much. we'll see you at the halftime report. if you're just tuning in good morning. this is what you've missed so far. >> welcome to hour three of "squawk on the street." here's what's
the economy is going better. the boom in collectibles goes far beyond art and cars and things we talk about usually. comic books selling typically for $1 million or more for the prized batman and spider man. so this reaches way beyond the usual categories. >> it's anything of limited supply that you cannot go back. why is it called a jumbo? >> i i think because it's in perfect condition front and back, graded five or higher. there are only three of these. it's unclear what it will...
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Mar 18, 2013
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eight times the side of the economy. if you look at the size of the bailout needed it is unprecedented. eig italy and spain don't even come close to the bank bailout. we used to think spain might need a bailout of 10% of gdp for its banks. can you imagine, that's huge. in cyprus is we're talking 60% of gdp so it's outsized. >> michelle caruso-cabrera, thanks so much for that. 60% of it relies on its banking system and 30% of its deposits are from non-uri on countries. >> it is roughly two-thirds of exxon mobil's capital spending. >> there are people who have missed this move, people who missed it for 6,000 point, 3,000 points and they will point out that is irrelevant, the size of the gdp and this is the next big thing and people will tell you you ought to take your money out of j.p. morgan chase. these are people who have a terrific motive. they have got to catch up with the averages. at the same time, stocks are pretty extended so it's a great excuse. i was going use the fed as a great excuse, but now we have cyprus. i
eight times the side of the economy. if you look at the size of the bailout needed it is unprecedented. eig italy and spain don't even come close to the bank bailout. we used to think spain might need a bailout of 10% of gdp for its banks. can you imagine, that's huge. in cyprus is we're talking 60% of gdp so it's outsized. >> michelle caruso-cabrera, thanks so much for that. 60% of it relies on its banking system and 30% of its deposits are from non-uri on countries. >> it is...
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Mar 26, 2013
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. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ chainsaw buzzing ] humans. sometimes, life trips us up. sometimes, we trip ourselves up. and although the mistakes may seem to just keep coming at you, so do the solutions. like multi-policy discounts from liberty mutual insurance. save up to 10% just for combining your auto and home insurance. call liberty mutual insurance at... to speak with an insurance expert and ask about all the personalized savings available for when you get married, move into a new house, or add a car to your policy. personalized coverage and savings -- all the things humans need to make our world a little less imperfect. call... and ask about all the ways you could save. liberty mutual insurance -- responsibility. what's your policy? >>> the national lead, the supreme court today heard arguments on the constitutionality of california's same-sex marriage ban known as prop 8. they had a the lot of company outside the court. both sides gathered to make their opinions known. in
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ chainsaw buzzing ] humans. sometimes, life trips us up. sometimes, we trip ourselves up. and although the mistakes may seem to just keep coming at you, so do the solutions. like multi-policy discounts from liberty mutual insurance. save up to 10% just for combining your auto and home insurance. call liberty mutual insurance at... to speak with an insurance expert and...
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Mar 26, 2013
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analysts say this might be a good sign, a sign that the economy is improving. people are earning more, therefore, they owe more. the bad news is that the average tax refund was $2700 last year. huge amount that people will be saying good-bye to. of those expecting a refund, 37% say they plan to use to pay down debt or bills. others plan to save the money. 28% say they plan to intend tsp money on themselves, family, home improvements, that kind of thing. the fact that most people are saving their refunds or using to pay down debt shows there is still a recession mentality in the air and that people have learned valuable lessons since 2009. >> hope so. zain asher reporting live from new york. >>> skrjodi arias' murder trial a national spectacle and now it's entering its final phase. we'll have the latest details for you next. this is so so soft. hey hun, remember you only need a few sheets. hmph! [ female announcer ] charmin ultra soft is made with extra cushions that are soft and more absorbent. plus you can use four times less. charmin ultra soft. plus you can
analysts say this might be a good sign, a sign that the economy is improving. people are earning more, therefore, they owe more. the bad news is that the average tax refund was $2700 last year. huge amount that people will be saying good-bye to. of those expecting a refund, 37% say they plan to use to pay down debt or bills. others plan to save the money. 28% say they plan to intend tsp money on themselves, family, home improvements, that kind of thing. the fact that most people are saving...
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Mar 26, 2013
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. . >>> welcome or welco, everybody knox and her ex-boyfriend face a retrial. we have knox's reaction, live italy with the stunning details. >>> other big story, an historic day that could lead to the change of the definition of marriage. >>> developing story, north korea says it is getting ready for combat ready positions. we're live with details and the defense wants him to keep jodi arias off death row. but is the psychologist in this case too close to be trusted? >> how much money is spent in that case, amazing. we'll talk about that and much more, tuesday, march 26th. "starting point" begins right now. >>> welcome, everybody. richard socarides, christopher john farley, a former classmate of mine many, many years ago.
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. . >>> welcome or welco, everybody knox and her ex-boyfriend face a retrial. we have knox's reaction, live italy with the stunning details....
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Mar 25, 2013
03/13
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cyprus, 0.2% of the euro-zone economy. it's banking sector accounts for mostst economy. what is happening there has wall street's attention because of the precedent it may set for other struggling nations. also, russian business has about $19 billion in cyprus. that's according to mootiedy's. wall street happy with the plan in place right now. it's also the last week of the first quarter. check out your investments this morning. if you haven't looked in a while the you'll be pleased. the s&p 500 is up more than 9% over the first three months of 2013. you can see the rally took off from november of last year. 9% will be a solid return for the entire year. but it's happened only in the first three months of this year. the s&p 500 is up 11% over the past year overall. over and over, when is this going to end? that is nearly impossible to preticket. there is one ratio that wall street looks to and it shows that prices are still fairly valued right now, maybe even cheap at least historically speaking. look at this. this is something that measures the value of the stock market
cyprus, 0.2% of the euro-zone economy. it's banking sector accounts for mostst economy. what is happening there has wall street's attention because of the precedent it may set for other struggling nations. also, russian business has about $19 billion in cyprus. that's according to mootiedy's. wall street happy with the plan in place right now. it's also the last week of the first quarter. check out your investments this morning. if you haven't looked in a while the you'll be pleased. the...
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Mar 25, 2013
03/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. to help protect your eye health as you age... would you take it? well, there is. [ male announcer ] it's called ocuvite. a vitamin totally dedicated to your eyes, from the eye care experts at bausch + lomb. as you age, eyes can lose vital nutrients. ocuvite helps replenish key eye nutrients. ocuvite has a unique formula not found in your multivitamin to help protect your eye health. now that's a pill worth taking. [ male announcer ] ocuvite. help protect your eye health. >>> this just in to cnn, u.s. secretary of state john kerry arriving in kabul, afghanistan, just a short time ago. he's scheduled to meet with afghan president hamid karzai as the u.s. hands over control of a prison that's been a source of friction betw
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. to help protect your eye health as you age... would you take it? well, there is. [ male announcer ] it's called ocuvite. a vitamin totally dedicated to your...
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Mar 26, 2013
03/13
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the banking sector in cyprus, seven times the size of its economy. we're also watching shares of electric carmaker tesla this morning. its ceo sent a couple of i don't know provocative sweets last night that got investors excited. ee lon musk posted this tweet monday, really excited that tesla moaters announcement coming up thursday. i'm going to put my money where my mouth is in a major way. following the tweet, tesla's stock shot up more than 4% in after-hours trading. the ceo then tweeted that he'll have to move the announcement to next week to avoid distracting the company's end of quarter financial practices. certainly got a lot of attention and moved the stocks. >>> all right the one thing you need to know about your money today, $8,000, eight grand, if the supreme court overturns the federal law that defines marriage as solely between a man and a woman, same-sex couples will save $8,000 or more in income tax. there's about 1,000 federal tax breaks that same-sex couples can't claim because of the defense of marriage act. that's according to the
the banking sector in cyprus, seven times the size of its economy. we're also watching shares of electric carmaker tesla this morning. its ceo sent a couple of i don't know provocative sweets last night that got investors excited. ee lon musk posted this tweet monday, really excited that tesla moaters announcement coming up thursday. i'm going to put my money where my mouth is in a major way. following the tweet, tesla's stock shot up more than 4% in after-hours trading. the ceo then tweeted...
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Mar 24, 2013
03/13
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critical to our economy. one out of eight american jobs depends in one way or another on travel and tourism. expected to goe to more than 230 ballot -- $230 billion in 2014. our country has benefited greatly from airline inegulation since that began 1978. government control of this industry has had unfortunate results. in the years since deregulation air fares have dropped substantially and options for travelers have expanded. these benefits are the result of free-market competition and will continue as long as the industry remains robust and competitive. despite the positive benefits of deregulation, the story of the islines in recent decades not one of unbroken success. fuel costs have led to a succession of airline bankruptcies. as federal agencies have provided assistance and assume responsibility for many pension plans, the financial stability of the airline industry is one of special concern. to help cope with changing circumstances, airlines have turned to consolidation. in the last decade alone we hav
critical to our economy. one out of eight american jobs depends in one way or another on travel and tourism. expected to goe to more than 230 ballot -- $230 billion in 2014. our country has benefited greatly from airline inegulation since that began 1978. government control of this industry has had unfortunate results. in the years since deregulation air fares have dropped substantially and options for travelers have expanded. these benefits are the result of free-market competition and will...
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Mar 23, 2013
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they cannot create a thriving economy. that will be a central challenge. and that's going to be a central challenge, not just in syria but across the region. the united states, i think, has something to say about that because part of what makes us a super power because we have people from every walks of life and every religion and if they are willing to work hard they can success. that has to be more consistently spoken about. not just with respect to the syria situation but the moment of promise and danger in the arab world in north africa. >> thank you, mr. president. you mentioned the aftermath of the assad regime. there's a lot of concern that the upheaval is creating extremism. how concerned are you that extremist could take over in syria and, perhaps worse than assad? i was hoping you could give us an insight on how you brokered the call to netanyahu. and you have offered asylum that he rejected and does that offer still stand? thank you. >> well, i'm very concerned about syria becoming a place for extremists because extremists thrive in chaos. they
they cannot create a thriving economy. that will be a central challenge. and that's going to be a central challenge, not just in syria but across the region. the united states, i think, has something to say about that because part of what makes us a super power because we have people from every walks of life and every religion and if they are willing to work hard they can success. that has to be more consistently spoken about. not just with respect to the syria situation but the moment of...
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Mar 22, 2013
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then the economy tight end. we had a large number of folks who were wondering how am i going to keep my job, how am i going to pay my mortgage, how am i going to be able to keep my house, the most basic thing. of the things that was designed in our state was to try to train people said that they had more of an ability than just to be working on it and not so skills position, and we set up with our community college system across the state, retraining programs so that they were able to run machines, able to learn advanced manufacturing. and just below the area where the r.v. companies were, was a manufacturinge area, and what we set up was a transfer program where they would go from working in the r.v learn skills that were applicable to job creation, go through a program and at the end of that program, be able to go into a position in one of the medical device programs were on day one they know the machines that are in there, they know how to run those machines and their productive and talented from the first mo
then the economy tight end. we had a large number of folks who were wondering how am i going to keep my job, how am i going to pay my mortgage, how am i going to be able to keep my house, the most basic thing. of the things that was designed in our state was to try to train people said that they had more of an ability than just to be working on it and not so skills position, and we set up with our community college system across the state, retraining programs so that they were able to run...
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Mar 18, 2013
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i did not run a campaign on jobs in the economy, jobs in the economy, and beat that drum until i beat people into sleep. that is part of it but the rest of this has to be added together or we can never reconstruct this country. we will never get the pillars of exceptionalism unless we have the whole puzzle. we need to strength our faith nd restore our families. obamacare has got to go. [applause] we can't let up on obamacare. and believe that somehow we going to move to that side because roads are bigger and it is an unconstitutional taking nd it has got to go. now, ronald reagan only let me down a couple of times in eight years. ne of those was in 1986. i heard he signed the amnesty act of 1986 but it is was on the promise that there would be law enforcement and a million people would be legalized but then, from there on forward the law would be enforced. i made sure i kept my records right waiting for the i.n.s. to show up at my office. i never saw them. nether did thousands of businesses but the enforcement in reagan era was the greatest enforcement now the rule of law is so eroded
i did not run a campaign on jobs in the economy, jobs in the economy, and beat that drum until i beat people into sleep. that is part of it but the rest of this has to be added together or we can never reconstruct this country. we will never get the pillars of exceptionalism unless we have the whole puzzle. we need to strength our faith nd restore our families. obamacare has got to go. [applause] we can't let up on obamacare. and believe that somehow we going to move to that side because roads...
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Mar 20, 2013
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it also will help grow our economy and create jobs. our plan is a plan to grow the economy. what we are seeing on the other side from the senate by the democrats is a plan that is going to grow one thing, that is the national debt. at a time when many seniors are worried about their benefits and we see many young people that are having trouble finding jobs after they graduate from college, ours is a plan that will give them the certainty, that will help them find those jobs, because it will help grow the economy. what we need from the president, what we need from senate democrats is a plan to join us in this effort to help improve the lives of americans all across this country. inas one of the few cpa's this town, you'll be hard- pressed to find a bigger tax, budget, or economic geek than me. there is nothing i enjoy more than having a discussion about debt to equity ratios and allocations and the difference between getting to primary balance as opposed to actually balancing the budget. i have been told that normal people do not enjoy those discussions. i can tell you one th
it also will help grow our economy and create jobs. our plan is a plan to grow the economy. what we are seeing on the other side from the senate by the democrats is a plan that is going to grow one thing, that is the national debt. at a time when many seniors are worried about their benefits and we see many young people that are having trouble finding jobs after they graduate from college, ours is a plan that will give them the certainty, that will help them find those jobs, because it will...
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Mar 23, 2013
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committee, subcommittee, had a hearing that was entitled the obama administration regulatory war on the economy. very ominous. the sky apparently is falling, notwithstanding the fact that the administration has created about 6 million private sector jobs. today, there is a thing advanced by some, again, not questioning the views of many good faith members, but the theme is that criminals have been unleashed on the american public. the question that has been posed is, is this policy or politics? parenthetically that i believe in my reading of the 22nd amendment, barack obama is constitutionally prohibited from running for office again because he was elected and reelected. i'm not sure how politics could make their way into this discussion from the electoral context. putting that aside, the issue of whether criminals have recklessly been unleashed on the american public is an interesting one. i have about 2220 people who are at issue in terms of their release from detention. is that correct? >> that is correct. >> that release took place between february 9 and march 1. is that correct? >> that is
committee, subcommittee, had a hearing that was entitled the obama administration regulatory war on the economy. very ominous. the sky apparently is falling, notwithstanding the fact that the administration has created about 6 million private sector jobs. today, there is a thing advanced by some, again, not questioning the views of many good faith members, but the theme is that criminals have been unleashed on the american public. the question that has been posed is, is this policy or politics?...
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Mar 19, 2013
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, the global economy hostage. it is a very strange calculation. that's why i would have wished that we would have taken a firmer stance with all these expiring tax provisions to be able to fashion something that would been bolder, that would have solved more problems, and would not have created 3 new fiscal cliff. host: deborah in richmond, virginia, a democrat, our last caller. caller: good morning. one.k your top caller: how come medicare cannot bargain on products and services? guest: i personally think that the largest consumer of pharmaceutical products in the world, medicare, should have been able to obstruct a better deal, like we do for the veterans department, which it was able to save money. we were expanding the universe of people who were taking prescription drugs. they stood to make a lot of money. i'd think there were ways to strike a better deal. i think it was a mistake. host: congressman earl blumenauer, democrat of oregon, thank you for talking to our viewers. guest: thank you. host: next, will t
, the global economy hostage. it is a very strange calculation. that's why i would have wished that we would have taken a firmer stance with all these expiring tax provisions to be able to fashion something that would been bolder, that would have solved more problems, and would not have created 3 new fiscal cliff. host: deborah in richmond, virginia, a democrat, our last caller. caller: good morning. one.k your top caller: how come medicare cannot bargain on products and services? guest: i...
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Mar 20, 2013
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and will soon be one of the world's largest economies. its involvement in asia will be a welcomed addition. the u.s. must work with india to reduce her domestic constraints to growth and inagrees foreign direct investment. reducing red tape, increasing the supply of electricity, improving the tax system, strengthening the ability to enforce contracts will all lift india's ranking and spur business growth in a way that has been missing thus far. since asia's economy is largely based on global supply chains, it is absolutely critical for india to enact reforms and liberalize its economy, to tap into this regional market. this is how india anchors itself in the asia-pacific region and we should do what we can to help leverage those reforms inside india. that is why i believe the administration must redouble its efforts to secure a u.s.-india bilateral investment treaty. current negotiations are proceeding far too slowly. there are important issues to resolve and it's going to take a concerted effort to make progress, but once the b.i.t. is f
and will soon be one of the world's largest economies. its involvement in asia will be a welcomed addition. the u.s. must work with india to reduce her domestic constraints to growth and inagrees foreign direct investment. reducing red tape, increasing the supply of electricity, improving the tax system, strengthening the ability to enforce contracts will all lift india's ranking and spur business growth in a way that has been missing thus far. since asia's economy is largely based on global...
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Mar 19, 2013
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if consumer demand increases, the economy will grow, and if the economy grows, the deficit will decline and so too will our debt as a percentage of g.d.p. this is decision time in america, and clearly the best decision that we can make is a balanced approach to dealing with our economic problems today. the speaker pro tempore: pursuant to clause 12-a of rule 1, the chair declares the house in recess until noon today. >> we began providing televised access to the every day workings of congress and the tell -- and the federal government. c-span, created by table companies -- cable companies. >> on c-span we will take you live to capitol hill where the senate armed services committee is holding a hearing with the top military officials. in a are looking into budget requests from the military command. last week chuck hagel announced they will spend $1 billion in addition to add 14 interceptors on the west coast to the u.s. defense system. >> what more can and should the united states do in your command and others? >> if you are speaking about drugs, more assets. locating, weood at understan
if consumer demand increases, the economy will grow, and if the economy grows, the deficit will decline and so too will our debt as a percentage of g.d.p. this is decision time in america, and clearly the best decision that we can make is a balanced approach to dealing with our economic problems today. the speaker pro tempore: pursuant to clause 12-a of rule 1, the chair declares the house in recess until noon today. >> we began providing televised access to the every day workings of...
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Mar 20, 2013
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let's grow the economy. let's reform the tax system, let's stop picking winners and losers through loopholes, lower tax rates for everybody, families and businesses to create jobs and commig growth. let's open up the resources we have in this country, oil, coal, gas so we can bring down gas prices. increase paychecks, create jobs, help manufacturing. we have a safety net that isn't working. we have the highest poverty rates in a generation. 46 million people in poverty. we need to fix this safety net so so that it works to get people back on their feet again. we need to save medicare so that it's not bankrupt because it is on a path to bankruptcy. so that the current seniors can rest in comfort knowing that it's not going to be taken away from them, so that the obamacare rationing board won't take it from them and so that those of white house are younger can plan for it -- of us who are younger can plan for it. we need to balance the budget. balancing the budget is necessary for a healthy economy. for creati
let's grow the economy. let's reform the tax system, let's stop picking winners and losers through loopholes, lower tax rates for everybody, families and businesses to create jobs and commig growth. let's open up the resources we have in this country, oil, coal, gas so we can bring down gas prices. increase paychecks, create jobs, help manufacturing. we have a safety net that isn't working. we have the highest poverty rates in a generation. 46 million people in poverty. we need to fix this...
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Mar 18, 2013
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horsford, want a strong economy -- the american people, mr. horsford, want a strong economy, they want jobs created and they expect us to do it in this house in a bipartisan basis. we've failed to do it and we must do it. thank you. mr. horsford: thank you. over the weekend speaker boehner said, quote, we do not have an immediate debt crisis, we have one looming. it's not an immediate problem. well, what we do have right now is an immediate jobs deficit and we should be focused on getting the american people back to wrork and that's what -- back to work and that's what the congressional black caucus alternative budget does and to talk about the focus on jobs and investing in our future, the woman who fights for the people of florida, the gentlelady from florida, ms. brown. ms. brown: thank you so much and thank you for your leadership. you know, i really do believe when you're born you get a birth certificate and when you die you're going to get a death certificate. and that little dash in between is what you've done to make this a better plac
horsford, want a strong economy -- the american people, mr. horsford, want a strong economy, they want jobs created and they expect us to do it in this house in a bipartisan basis. we've failed to do it and we must do it. thank you. mr. horsford: thank you. over the weekend speaker boehner said, quote, we do not have an immediate debt crisis, we have one looming. it's not an immediate problem. well, what we do have right now is an immediate jobs deficit and we should be focused on getting the...
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Mar 21, 2013
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we are a public economy. medicare and the military has gobbled up what everyone feels is real economic activity. it is really being paid by the taxpayers. host: let's get a response. guest: you're absolutely right. it ultimately comes down to the taxpayers. the federal government cannot spend a dime that it does not take her borrow from somebody else. when it borrows, there is an interest rate on it. and it has to take money to pay off that debt. i agree with you, we should make certain that we have priorities in washington and we are not spending more than we take in. we need to leave more in your pocket so we can get the economy rolling. in terms of medicare, i would report that the medicare trustees, not republicans, not democrats, but the medicare trustees report, the folks and go charge of making certain medicare is solvent. they are telling us there is a predictable time into the next 10 years at which point medicare cannot provide the medical services for seniors from a financial standpoint. it is incu
we are a public economy. medicare and the military has gobbled up what everyone feels is real economic activity. it is really being paid by the taxpayers. host: let's get a response. guest: you're absolutely right. it ultimately comes down to the taxpayers. the federal government cannot spend a dime that it does not take her borrow from somebody else. when it borrows, there is an interest rate on it. and it has to take money to pay off that debt. i agree with you, we should make certain that we...
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Mar 20, 2013
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economy. thank you, mr. speaker. and with that i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. pursuant to clause 12-a of rule 1, the chair declares the house today.ss until noon a number of questions regarding the scope of the fourth amendment, injuries prudence. jurisprudence. which can they obtain a search warrant and how long should the data be kept? although no drones operating in the u.s. are yet weaponized, i'm advised, should law enforcement be permitted to equip unmanned aircraft with nonlethal tools such as tear gas, pepper spray? and my concerns about the domestic use of drones extends beyond government and law enforcement. before we allow widespread of drones in domestic airspace, we have to carefully consider the impact on the privacy rights of americans. just last week we are reminded how one company's push to gather data on americans led to vast overcollection and potential privacy violations. similarly, a simple scan of amateur videos on
economy. thank you, mr. speaker. and with that i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. pursuant to clause 12-a of rule 1, the chair declares the house today.ss until noon a number of questions regarding the scope of the fourth amendment, injuries prudence. jurisprudence. which can they obtain a search warrant and how long should the data be kept? although no drones operating in the u.s. are yet weaponized, i'm advised, should law enforcement be...
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Mar 20, 2013
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and grow our economy by strengthening the footprint of washington. i believe that's what brings us together. , moms and dads look at their kids and they want the best for them. we are at.t's where there are differences. at the same time, when we come together, we can look forward and realize that, at the end of the day, we are looking forward to this country doing what it is called to do. host: on twitter, "as a service member, how do you feel about men and women in the military?" -- how do you feel about women in the military?" how about in combat? guest: sometimes, this administration comes out with things that are more popular driven than they are policy driven. many of our women serve in combat, and they do a very good job. they are in convoys in iraq. they have been doing flying missions for a long time. when you bring up these issues, you score points. we should have looked at this further on how they are wanting to implement it. we have two women in congress who are just outstanding, good friends who i've gotten to know very well. elsie gabbar
and grow our economy by strengthening the footprint of washington. i believe that's what brings us together. , moms and dads look at their kids and they want the best for them. we are at.t's where there are differences. at the same time, when we come together, we can look forward and realize that, at the end of the day, we are looking forward to this country doing what it is called to do. host: on twitter, "as a service member, how do you feel about men and women in the military?" --...
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Mar 22, 2013
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caller: absolutely, it is impacting us, not only sequestration, our economy is at a standstill because the program ended. we thought massive layoffs here. there was a delay in decisions on the replacement vehicle. host: here is how the facebook someis going so far -- are saying they are not seeing an impact because of sequestration. the next call, tulsa, oklahoma, independent. caller: good morning. i don't know where to start. the thing i don't understand is why is it that always the working poor are impacted the most? the top dogs -- i hope you'll forgive forgive me for that -- the top people, nothing affects them. we are paying for them for airplanes and yachts and things. in tulsa, oklahoma, i had the occasion to go to a health service and was under serves. it was packed. i get solicitations on the phone for financial help. i am retired. i am a vietnam vet. they have cut back. now, the churches are trying to fill in as much as they can. why is it always the underserved that have to wait on someone sitting in washington, d.c., making decisions for us? and senatorsan are not affected
caller: absolutely, it is impacting us, not only sequestration, our economy is at a standstill because the program ended. we thought massive layoffs here. there was a delay in decisions on the replacement vehicle. host: here is how the facebook someis going so far -- are saying they are not seeing an impact because of sequestration. the next call, tulsa, oklahoma, independent. caller: good morning. i don't know where to start. the thing i don't understand is why is it that always the working...
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Mar 22, 2013
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economy. places that are strong in are growing.ces information sector, utilities. these are areas that have not been growing. host: talk about new england. aest: i grew up outside of town in massachusetts. it has similarities to new bedford. .bout 100,000 people strong industrial heritage. it redefined and re-scope itself successfully over the last couple of decades. massachusetts recognizes that its older cities have these challenges. and i go home to visit, there have been efforts to revitalize the older cities. they have lots of charms. new bedford has a wonderful whaling history. has worked atry sincetizens -- census 1997. we are looking at population changes. our other guest is lisa sturtevant with guest: richey-- where mason university she is a p deputy analysis. let's hear from bob, south dakota, rural. caller: i have some comments. [indiscernible] we should look at our urban areas. retracting and using that infrastructure that we have built and upgrading it. they have green belt and gr
economy. places that are strong in are growing.ces information sector, utilities. these are areas that have not been growing. host: talk about new england. aest: i grew up outside of town in massachusetts. it has similarities to new bedford. .bout 100,000 people strong industrial heritage. it redefined and re-scope itself successfully over the last couple of decades. massachusetts recognizes that its older cities have these challenges. and i go home to visit, there have been efforts to...
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Mar 20, 2013
03/13
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they are just so tired, tired of the obama economy. they are tired of the endless pivots to jobs that never result in the kind of sustained job creation we need. they are tired of the sluggish growth, of always looking to the future with anxiety, worrying whether medicare will even be there when they retire, and they are tired of the ideological d.c. democratic extremism that got us here. knee jerk solutions to almost every single problem -- massive overspending, steadfast opposition to reforms that would make government programs more efficient, effective and sustainable. so my friends across the aisle shouldn't be surprised their budget is getting such a rough ride. it contains up to $1.5 trillion in new taxes. this would be the largest tax hike in american history. it contains half a criminal more in spending, money that could be siphoned -- that will be siphoned out of the economy and into the hands of politicians and bureaucrats. it lacks meaningful reforms to save and strengthen medicare, allowing it to go bankrupt in just a few y
they are just so tired, tired of the obama economy. they are tired of the endless pivots to jobs that never result in the kind of sustained job creation we need. they are tired of the sluggish growth, of always looking to the future with anxiety, worrying whether medicare will even be there when they retire, and they are tired of the ideological d.c. democratic extremism that got us here. knee jerk solutions to almost every single problem -- massive overspending, steadfast opposition to reforms...
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Mar 19, 2013
03/13
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grow the economy, not grow more government. grow the economy. that is what makes us more competitive, puts more people back to work. that is what puts us on a pact n a path to american prosperity. these things will not be easy. it will require time, and it will demand political will, and it will demand political courage. so let's get moving. the senate majority leader says let's stop wasting tievmen wast. i couldn't agree more. mr. majority leader, allow members to offer their amendments. your members, our members, ones we like, ones we don't like. we are sent here to make the tough choices, to make our "yes" oregoor our "no." so instead of standing here speaking to an empty chamber, members wondering, letting the clock run inso that these amendments can be closed out and never offered you should this bill, we should be debating these. and in doing so, we can get to the point where we will have our final vote and hopefully we will be funding the government going forward. it's called regular business and that ought to be our focus. growing this e
grow the economy, not grow more government. grow the economy. that is what makes us more competitive, puts more people back to work. that is what puts us on a pact n a path to american prosperity. these things will not be easy. it will require time, and it will demand political will, and it will demand political courage. so let's get moving. the senate majority leader says let's stop wasting tievmen wast. i couldn't agree more. mr. majority leader, allow members to offer their amendments. your...
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Mar 22, 2013
03/13
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we heard about the global economy. you're right. the economy's changed. how we do business doesn't depend on physical presence anymore. it's economic presence. $1 million is a lot of economic presence in the marketplace. and so i'd yield the rest of my time back to the senator from illinois. mr. baucus: mr. president, things are getting a little down to the wire here. how much time is remaining? mr. durbin: is there any time remaining of the time yielded from the senator from wyoming? the presiding officer: the senator from wyoming has four minutes remaining. mr. baucus: mr. president? the presiding officer: the senator from montana. mr. baucus: i yield a minute to the senator from oregon. the presiding officer: the senator from oregon. mr. wyden: under this amendment, we could not touch an online retailer who is wholly overseas, shipping into the united states with u.p.s. we could not touch them. what the senator from north dakota's talking about is obviously foreign corporations, people with physical presence, but if you're wholly overseas, an online in
we heard about the global economy. you're right. the economy's changed. how we do business doesn't depend on physical presence anymore. it's economic presence. $1 million is a lot of economic presence in the marketplace. and so i'd yield the rest of my time back to the senator from illinois. mr. baucus: mr. president, things are getting a little down to the wire here. how much time is remaining? mr. durbin: is there any time remaining of the time yielded from the senator from wyoming? the...
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Mar 19, 2013
03/13
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i didn't run a campaign on jobs and the economy, jobbing and the economy, jobs and the economy and beat that drum until i beat people into sleep. that's part of it, all right, but all of the rest of this has to be added together, or we can never reconstruct this country. we will not get the pillars of american exceptionalism back together. [applause] unless we have the full spectrum. if we can restore our families and strengthen our faith and protect innocent, unborn human life instead of assaulting it with a half a billion dollars appropriated to planned parenthood in a single year. that's gotta go. obamacare has got to go. [cheers and applause] we can't let up on obamacare and believe that somehow we're going to capitulate to that side because the roads are vitality, and it is an unconstitutional taking of god-given american liberty, and it's got to go. [cheers and applause] ronald reagan omelet me down a couple -- only let me down a couple of times in eight years. one of those was 1986, and i still had the dent after i heard on the news he had signed the amnesty act of 1986. but it w
i didn't run a campaign on jobs and the economy, jobbing and the economy, jobs and the economy and beat that drum until i beat people into sleep. that's part of it, all right, but all of the rest of this has to be added together, or we can never reconstruct this country. we will not get the pillars of american exceptionalism back together. [applause] unless we have the full spectrum. if we can restore our families and strengthen our faith and protect innocent, unborn human life instead of...
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Mar 21, 2013
03/13
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it's largely a function of the private economy. it's largely a function of the private economy. and it's a cycle that's very well understood. someone has a really good idea for a business, a new business, or growing their existing business. they somehow get access to money, whether it's their own money or money they borrowed or money someone invests through them, and they open this business. there's no guarantee that that business is going to work out. but they are willing to risk it. and the idea works. and all of a sudden this business that they started all by themselves out of the spare bedroom of their home, they now have five employees. and five employees isn't just a number. that's five families that are taking home a paycheck. those are five providers -- mothers or fathers -- that are bringing home opportunities to their children. this is how prosperity is created. this is how every one of us has ever gotten a job or how our parents got their jobs, or -- either because they or someone else risked it and created a business opportunity that provides them a job. this is how
it's largely a function of the private economy. it's largely a function of the private economy. and it's a cycle that's very well understood. someone has a really good idea for a business, a new business, or growing their existing business. they somehow get access to money, whether it's their own money or money they borrowed or money someone invests through them, and they open this business. there's no guarantee that that business is going to work out. but they are willing to risk it. and the...
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Mar 19, 2013
03/13
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in the global economy and the u.s. economy. the security of our allies whether in the middle east or further afield, you know, frankly, on every continue innocent depend in many ways -- continent depend in many ways on energy prices, food prices and so fort. so i think our independence of supply will be excellent, but it really won't diminish the interests we have in the middle east. i, frankly, don't hear a lot of concern about that when i go to the region. i hear much more about it here, frankly. >> very good. well, thank you, dennis, david, and mike. thank you for your presentations, and thank you all for joining us today. and, please, look out on your, um, on your e-mails for, again, the release of this strategic transition paper, obama ii in the middle east by dennis and jim jeffrey and for what i'm sure will be the written analysis of the president's trip that my colleagues will be producing, um, and will be transmitting to you probably as he's flying home. so thank you all very much for joining us today. bye-bye. [applau
in the global economy and the u.s. economy. the security of our allies whether in the middle east or further afield, you know, frankly, on every continue innocent depend in many ways -- continent depend in many ways on energy prices, food prices and so fort. so i think our independence of supply will be excellent, but it really won't diminish the interests we have in the middle east. i, frankly, don't hear a lot of concern about that when i go to the region. i hear much more about it here,...
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Mar 25, 2013
03/13
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economy. so this report focuses narrowly on electoral prospects, but in many ways the stakes are much larger. and i concede your points, you're right. >> so regarding the question about, you know, how would political parties even b if they have programs be able to implement them, you know, if they come to power in government, look, there are a couple of things. i already mentioned the need for, um, creating political alliances across party lines, so to speak; islamist, secularist, right, left. i don't fancy that everyone in egypt can unite in, you know, in one giant bloc. but, in other words, you know, it's not going to be possible for just one, no one political party or one political force is going to be able to make big things happen, right? and we see some of the big things that have to happen. economic reform is desperately needed, right? someone has to address the hemorrhaging of the egyptian government budget through particularly fuel subsidies and efforts to support the egyptian pound,
economy. so this report focuses narrowly on electoral prospects, but in many ways the stakes are much larger. and i concede your points, you're right. >> so regarding the question about, you know, how would political parties even b if they have programs be able to implement them, you know, if they come to power in government, look, there are a couple of things. i already mentioned the need for, um, creating political alliances across party lines, so to speak; islamist, secularist, right,...